secwatch.observer — SEC 8-K summary
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Issuer:     Broadstone Net Lease, Inc. (BNL)
CIK:        0001424182
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0000950170-22-021239
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadstone Net Lease Q3 AFFO $0.35/sh; dividend raised to $0.275; reaffirms FY22 guidance $1.38-$1.40
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- Q3 AFFO of $63.4M ($0.35/sh) up from $55.8M ($0.33/sh) YoY; net income $28.7M ($0.16/sh).
- Invested $204.5M in 27 properties at 6.5% initial cap rate; 85.8% industrial; post-Q3 invested $283.1M.
- Dividend raised to $0.275 per share; reaffirmed FY22 AFFO guidance $1.38-$1.40 per diluted share.
- Closed $500M new unsecured term loans; entered $270.7M forward equity; fixed SOFR on $260M swaps at 2.59%.
- Portfolio 99.3% leased; 100% rent collection; Net Debt/Ann. Adj. EBITDAre 5.5x (pro forma 4.8x).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424182/000095017022021239/0000950170-22-021239-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424182/000095017022021239/bnl-20221102.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-021239

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